A simple month-end checklist for small business owners

A consistent month-end routine is the cheapest way to avoid year-end panic.

The checklist

1. Download or sync every bank and credit card statement.
2. Categorize all new transactions.
3. Reconcile each account to its statement.
4. Match receipts to expenses over a threshold you choose.
5. Review unpaid invoices and bills.
6. Run a profit and loss report and compare it with last month.
7. Write down anything unusual and ask why.

Make it a habit

Pick a fixed day, such as the fifth of each month, and protect that time. Most of the value comes from doing it every month, not from doing it perfectly.

If the routine keeps slipping, that is a good sign to hand it off.